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Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
Business

Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year

Posted on: June 3, 2024June 3, 2024

Dutch neobank Bunq, which gained popularity for its vibrant rainbow-colored cards and focus on digital nomads, initially entered the U.K. market in 2019. However, due to Brexit, EU-based banks were no longer allowed to use their own country licenses to operate in the U.K.

Morning Bid: Markets in upbeat mood as factories hum
Business

Morning Bid: Markets in upbeat mood as factories hum

Posted on: June 3, 2024June 3, 2024

Share markets have opened the week on a positive note, buoyed by encouraging signs of increased factory activity in Asia. China’s main factory index reached a two-year high according to the private Caixin survey.

AMD Announces Future AI Chips, Will Speed Rollout of New Models
Business

AMD Announces Future AI Chips, Will Speed Rollout of New Models

Posted on: June 3, 2024June 3, 2024

Advanced Micro Devices Inc. (AMD) is ramping up the release of its new artificial intelligence processors in a bid to challenge Nvidia Corp.’s dominant position in the highly profitable market.

DJT stock drops 8% after Trump found guilty in hush money trial
Business

DJT stock drops 8% after Trump found guilty in hush money trial

Posted on: May 31, 2024May 31, 2024

The stock price of Trump Media & Technology Group (DJT), the parent company of Truth Social, the social media platform founded by former President Donald Trump, experienced a 6% decline in early trading on Friday

Gap is reinvigorated, all thanks to our rigor: CEO
Business

Gap is reinvigorated, all thanks to our rigor: CEO

Posted on: May 31, 2024May 31, 2024

Shares of Gap (GPS), the parent company of popular clothing brands Banana Republic, Old Navy, and Athleta, are experiencing a boost following the release of the retailer’s impressive first-quarter results.

UK house prices in surprise rise in May
Business

UK house prices in surprise rise in May

Posted on: May 31, 2024May 31, 2024

According to Nationwide, UK house prices experienced a growth of 0.4% in May, signaling a return to positive momentum. This increase can be attributed to the boost in buyers’ confidence, driven by wage growth and lower inflation.

Turkey Likely Had Last Consumer Burst Before Rate Hikes Kick In
Business

Turkey Likely Had Last Consumer Burst Before Rate Hikes Kick In

Posted on: May 31, 2024May 31, 2024

According to a Bloomberg poll, Turkey’s economy is expected to have grown at a faster pace in the first quarter of the year, driven by strong consumer spending. Despite aggressive interest rate hikes aimed at curbing domestic demand,

Asian markets bounce after tough week as US inflation looms
Business

Asian markets bounce after tough week as US inflation looms

Posted on: May 31, 2024May 31, 2024

fter experiencing a decline for most of the week, Asian markets rebounded on Friday following below-forecast US data. This injection of optimism stems from the belief that the Federal Reserve may cut interest rates later this year.

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